BANGALORE, INDIA: Bharti Telesoft, a provider of integrated VAS solutions for mobile operators in emerging markets, has won the prestigious Golden Peacock Innovation Award 2008, for its pioneering work in the field of mCommerce - specifically for its Monet Hub solution, which provides a simple to use global mobile money transfer solution.

Bharti Telesoft's Monet Hub, part of the mobiquity suite of mCommerce solutions, is a cross-network remittance platform enabling remitters and beneficiaries on different mobile networks to send and receive monies via the mobile phone.

The Monet Hub mobile remittance platform interlinks standalone mobile wallet systems deployed on specific networks, creating an inter-exchange hub that allows secure and instant multi-language and multi-currency money transfers between partner mobile operators around the world.

By ensuring a maximum number of players within and between countries can interconnect with each other, Monet Hub provides remitters and beneficiaries an unmatched seamless footprint across networks, accelerating the scale and volume of money transfer over the mobile phone. 

Mao Mohapatra, CEO, Bharti Telesoft, said: "This award is a significant recognition of the value we are bringing to the mobile community via our mCommerce products. We have received an overwhelming response to our efforts for Monet Hub solutions from our customers and have generated substantial business in the region."

"As the migrant population continues to expand, the need for easy, affordable trans-border financial services grows – and we see the mobile phone as the best way to enable these. We are especially pleased that Golden Peacock has honoured us for the second year running with the award for innovation and recognises the enormous value that our Monet Hub solution brings to the mobile community," he added.